Ridesharing service Lyft looking for up to $1B

December 22, 2015

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Uber's U.S. competitor Lyft is reportedly looking to raise up to $1 billion in new funding that could value it at around $4.5 billion. The company last received funding in March when it raised a $680 million financing that valued it at $2.6 billion. Lyft recently joined a partnership with ridesharing services Ola, Didi Kuaidi and GrabTaxi that will allow riders to use each service through another's app, depending on their location.